Quote of the Day

I've been reading a bit about Patrick M. Byrne (CEO of Overstock), in particular his campaign against naked short selling. This quote (from March 8th) comes as a response to a Business Week reporter. It made me laugh:

Since I think "EBITDA" is the stupidest thing I ever heard emanate from Wall Street (no small feat), I … don’t begin to know how to answer. I suppose I could go and recast all my numbers into EBITDA (or for that matter, "pro forma") but I think I’ll do something more valuable with my time, like alphabetize my CD’s by, "Name of drummer."

And, if you don't know anything about naked short selling, or of Mr. Bryne's "campaign" against it, try www.businessjive.com (a site of Byrne's).